Word: accounting
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Dates: during 1990-1999
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Churchill returned home as these campaigns ended--and as less talented but higher-ranking officers came to resent Churchill's fame. Then, at age twenty-three, he published his first book, a comprehensive account of the Malakand Field Force. He also insinuated himself into the battle of Omdurman, by which the British reconquered the Sudan. Although Omdurman was not the last cavalry charge of the Empire, it was last great charge, and Churchill again played a hero's role. He soon afterward left the army to stand for election to Parliament. He lost the election, but he used the leisure...
...TIME health writer Christine Gorman says the proposal also could help instill a cultural change in the medical industry by making doctors feel it's OK to admit they make mistakes. "Medicine in the U.S. could be safer than it is," says Gorman, "because it doesn't take into account the fact that errors are going to occur, as inevitably they will. If you take that into account, you can do something about it." Doing something about it, according to the NAS, means creating some sort of federal regulatory agency, a kind of FAA for the practice of medicine...
DIED. KIMBERLY JENSEN, 44, chief operating officer of Mort Zuckerman's publishing group; an apparent suicide; just days after being asked by company officials about money missing from an Atlantic Monthly account; in a Comfort Inn in Ocean City, Md. Her bosses reportedly allege she used company funds to cover sundry personal expenses...
KIDDIE CARD Will technology-savvy teens take to the cashless society? Visa will soon find out. The company has launched a new debit card aimed at teenagers. The Visa PocketCard allows a parent or employer to make funds available to his or her "customer" electronically. "It is an account, but it's virtual," says William Scheurer, CEO of PocketCard Inc. You can transfer funds--via phone or online--from your bank account to an Internet one, so your teens can prowl the malls and the Web or chow down at Chili's. You can apply for this card only online...
...DOUBLY SURE The Federal Deposit Insurance Corporation insures deposits up to $100,000, but when banks merge, the insurance does not add up with it. Do you have separate accounts totaling more than $100,000 at two merging financial institutions? First, congratulations. Second, remember the combined amount will be covered only until six months after the merger is completed. Beyond that, deposits held under the same name or type of account are insured only up to the $100,000 limit. "It's up to you to restructure your accounts during the six months," says FDIC counsel Christopher Hencke...